PYMNTS.com April 16, 2024
Microsoft has invested $1.5 billion in Abu Dhabi-based artificial intelligence (AI) firm G42.
The investment is the latest in a series of collaborations for the company and marks the latest example of the United Arab Emirates’ (UAE) growing importance in the AI space.
“Building on the two organizations’ long-standing collaboration in AI and digital transformation initiatives, Microsoft’s investment deepens the reciprocal commitment to this strategic partnership,” the companies said in a Tuesday (April 16) news release.
“G42 will run its AI applications and services on Microsoft Azure and partner to deliver advanced AI solutions to global public sector clients and large enterprises.”
The two firms will also collaborate to bring advanced AI and digital infrastructure to nations in the Middle...
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